Petrus Trust Company LTA lowered its holdings in shares of The Real Brokerage Inc. (NASDAQ:REAX – Free Report) by 14.3% in the third quarter, HoldingsChannel reports. The firm owned 132,750 shares of the company’s stock after selling 22,185 shares during the period. Petrus Trust Company LTA’s holdings in Real Brokerage were worth $737,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of REAX. Harbor Capital Advisors Inc. boosted its stake in shares of Real Brokerage by 311.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 288,039 shares of the company’s stock worth $1,169,000 after acquiring an additional 218,034 shares during the period. Bank of New York Mellon Corp acquired a new stake in Real Brokerage during the 2nd quarter valued at $1,091,000. Principal Financial Group Inc. bought a new position in Real Brokerage during the second quarter worth $52,000. Valmark Advisers Inc. boosted its position in Real Brokerage by 117.0% during the second quarter. Valmark Advisers Inc. now owns 49,324 shares of the company’s stock worth $200,000 after purchasing an additional 26,596 shares during the period. Finally, Rhumbline Advisers acquired a new position in shares of Real Brokerage in the second quarter valued at $474,000. Institutional investors and hedge funds own 53.28% of the company’s stock.
Real Brokerage Stock Performance
NASDAQ REAX opened at $5.23 on Wednesday. The stock has a market cap of $1.03 billion, a PE ratio of -29.05 and a beta of 0.95. The firm has a 50-day moving average of $5.39 and a 200-day moving average of $5.29. The Real Brokerage Inc. has a 52-week low of $1.28 and a 52-week high of $6.75.
Real Brokerage Profile
The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.
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Want to see what other hedge funds are holding REAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Real Brokerage Inc. (NASDAQ:REAX – Free Report).
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